Ultimate Banking – your all-in-one transactional account

Monthly fee

R98

Get more value from Ultimate Banking

Borrow

Quick, easy access to credit with our new Enhanced Credit Facility, Balance Booster or a linked credit card with zero monthly fee.

Save

Earn attractive interest rates when you save for short-term goals with Savings Boosters.

Peace of Mind

Lump sum death benefit included for the first year at no extra cost.

Absa Rewards

Get Cashback in your pocket every time you swipe with Absa Rewards.

What you need to know

What you get
A transactional cheque account for your everyday banking needs

Balance Booster of up to R2 000 with no fees or interest

Optional Enhanced Credit Facility of up to R100 000 with 30-days interest free on selected transactions*

FREE R100 000 life cover for the first 12 months

Earn attractive interest rates on Savings Boosters

Up to R1.5 million Travel Insurance and Bidvest Lounge Access with your VISA debit card.

An optional linked credit card with zero monthly fees.
Download all benefits
Qualifying criteria
You must:

Be 18 years or older;

Earn a minimum of R4,000 a month to qualify for embedded credit*

Not be insolvent or having applied for, or under, debt counselling, or curatorship;

Not have signed surety for a company that is currently under business rescue;

Give consent to do a Credit Bureau check;

Be a South African citizen or resident with a valid South African identity document;

Have spousal consent if you are married, or deemed to be married, in community of property.

Customers who are 55 and over will qualify for an Ultimate Prosperity Account.

If your spouse has an Ultimate Banking account, you may qualify for a Spousal Account at a discounted monthly fee

* Subject to risk and affordability
Documents needed
Bar-coded ID book or card

Proof of income

Any one of the following documents* (original or certified copies) verifying your residential address:

o Utility bill

o Lease or rental agreement

o Cellphone or clothing store statement

o Bank statement from another bank

o Correspondence from SARS

*Must not be more than 3 months old.
Terms and conditions
Terms and conditions apply to benefits

Download your Pricing Guide

Please note you can open your Ultimate Banking account at any Absa branch